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      Webinar: PP Talks - Fiduciary Management

      This PP Talks webinar will ask how fiduciary managers coped with the Covid-19 challenge, how fiduciary management clients generally fared, and the outlook for the year ahead.

      • Date: 05 May 2021
      • Webinar
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      Webinar: The challenges facing open DB schemes

      This webinar will help trustees and pension managers look at the challenges facing open DB schemes, specifically looking at the issues they could face as a result of The Pension Regulator’s new Funding Code of Practice and asking how this could affect the affordability of benefits, future service contributions, investment strategy and benefit design.

      • Date: 06 May 2021
      • Webinar
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      Webinar: Supporting members retirement plans as we emerge from the pandemic

      The pandemic has affected the retirement plans of many. Some have been forced into an early retirement because of redundancy, whilst others have delayed retirement due to their pension losing value. Those who have struggled with a reduced household income, have even been dipping into their pensions whilst still working to make up for the shortfall.This webinar will uncover the steps that can be taken to support pension scheme members in the lead up to and at retirement.

      • Date: 11 May 2021
      • Webinar
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      Risk & Scheme Funding Forum 2021

      Professional Pensions Risk and Scheme Funding Forum aims to help pension professionals see the wood for the trees. This half day digital event will consider risk as a whole; cyber, governance, climate, volatility and how they can affect the overall running of a scheme and its long term goals.

      • Date: 13 May 2021
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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Jay Shah

Agreeing bulk annuities in a crisis
Agreeing bulk annuities in a crisis

After a bumper year, insurers are now facing a slower and smaller pipeline as schemes grapple with Covid-19, writes James Phillips.

  • Risk Reduction
  • 04 May 2020
PIC completes £250m buy-in with two WPP schemes
PIC completes £250m buy-in with two WPP schemes

Multinational communication services giant WPP has completed a £250m buy-in for two of its pension schemes with Pension Insurance Corporation (PIC) as the insurer celebrated a “healthy pipeline” of deals amid the Covid-19 outbreak.

  • Risk Reduction
  • 31 March 2020
PIC signs £5.8bn of bulk annuity business in H1
PIC signs £5.8bn of bulk annuity business in H1

Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.

  • Risk Reduction
  • 24 June 2019
The problem with DB superfunds
The problem with DB superfunds

As the consultation on defined benefit (DB) consolidation closes this week, PIC's Jay Shah sets out his concerns about the superfund model

  • Defined Benefit
  • 28 January 2019
Prudential reinsures $1.2bn of PIC's longevity risk
Prudential reinsures $1.2bn of PIC's longevity risk

Prudential Insurance Company of America (PICA) has agreed to reinsure around $1.2bn (£900m) of Pension Insurance Corporation's (PIC) longevity risk.

  • Risk Reduction
  • 09 May 2018
How schemes are embracing more innovative de-risking solutions
How schemes are embracing more innovative de-risking solutions

As schemes move towards cashflow negative status, many are looking to insure their members' liabilities. James Phillips explores creative ways to approach buy-ins

  • Risk Reduction
  • 11 September 2017
Converting longevity swaps into bulk annuities: The next de-risking innovation?
Converting longevity swaps into bulk annuities: The next de-risking innovation?

Longevity hedges have long been considered a hurdle to doing a bulk annuity, but a ground-breaking deal shows it doesn't have to be. Stephanie Baxter looks at why converting swaps into buy-ins is taking off.

  • Risk Reduction
  • 10 April 2017
What geopolitical shocks are in store next year?
What geopolitical shocks are in store next year?

This year has delivered several political shocks for UK schemes in the form of Brexit and the outcome of the US general election. However, as Europe gears up for a round of elections next year Helen Morrissey asks what schemes need to watch out for.

  • Investment
  • 25 November 2016
Webinar: Derisking in a post-Brexit, low-yield world
Webinar: Derisking in a post-Brexit, low-yield world

Professional Pensions is hosting a video webinar on the post-referendum outlook for pension schemes on Wednesday, 23 November, 2016 at 11am.

  • Risk Reduction
  • 10 November 2016
Siemens completes £300m buy-in with PIC
Siemens completes £300m buy-in with PIC

Pension Insurance Corporation (PIC) has concluded a £300m buy-in with the trustees of the VA Tech UK Pension Scheme, including a retrocession to Siemens' captive reinsurer.

  • Defined Benefit
  • 07 April 2016
DB schemes are 'too defensive' and should 're-risk into equities'
DB schemes are 'too defensive' and should 're-risk into equities'

Defined benefit (DB) pension schemes should move away from index-linked gilts and increase exposure to risk assets in order to plug deficits, according to research by Fathom Consulting.

  • Defined Benefit
  • 27 January 2016
How far can the medically underwritten bulk annuity market grow?
How far can the medically underwritten bulk annuity market grow?

As medically underwritten deals reach record levels, PP looks at why this market is booming.

  • Bulk Annuities
  • 25 January 2016
How we won the UK Pensions Awards… PIC

In the fourth part of our series looking at what firms did to win accolades at this year's UK Pensions Awards, PP speaks to Pension Insurance Corporation head of origination Jay Shah about how the firm won the Risk Reduction Provider of the Year category....

  • Risk Reduction
  • 08 July 2015
Longevity risk: 'it's the demographics stupid'

The development of a capital market for longevity risk would ease the debt burden on future generations, Natasha Browne hears

  • Risk Reduction
  • 18 June 2015
Aon Minet agrees second buy-in

The Aon Minet Pension Scheme has secured a £100m buy-in with Pension Corporation to cover approximately a quarter of its pensioners' liabilities.

  • Bulk Annuities
  • 09 July 2012
Pension Corp in £35m Mercers' Company buyout

Pension Corporation has completed the buyout of an ancient merchant trade association's defined benefit pension scheme.

  • Industry
  • 26 April 2012
Schemes remain 'highly vulnerable' to inflation increases

The overwhelming majority of pension schemes are highly vulnerable to future inflation rises, according to a joint survey by Redington and Pension Corporation.

  • Investment
  • 15 December 2011
Bulk annuity transactions up 400% but buyout affordability falls

Bulk annuity business was up fivefold in the second quarter of the year, but falling affordability pushed schemes towards buy-ins rather than buyouts, research shows.

  • Bulk Annuities
  • 07 November 2011
De-risking is set to speed up in quangos

Industry figures are expecting a host of de-risking insurance deals to be undertaken by "quasi-public sector" schemes in the coming months.

  • Bulk Annuities
  • 06 October 2011
BoE urged not to buy gilts if more quantitative easing occurs

Pension funds would suffer from liabilities increasing further if the Bank of England buys gilts in another round of quantitative easing, Pension Corporation says.

  • Investment
  • 28 September 2011
Toray Textiles scheme cuts £60m buyout deal with PIC

Trustees of the Toray Textiles Europe Pension Scheme have entered into a £63m pension insurance buyout with Pension Corporation.

  • Bulk Annuities
  • 08 June 2011
LSE scheme enters into groundbreaking buy-in

Trustees of the London Stock Exchange Group's defined benefit plan have sealed a groundbreaking £203m deal to insure its pensioner members' liabilities after reporting a £33m increase in the scheme's surplus.

  • Bulk Annuities
  • 13 May 2011

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Exclusive: ITM acquires Profund Solutions from Mercer
Schemes to be slapped with £1.5bn bill for equalising past transfers
Schemes to be slapped with £1.5bn bill for equalising past transfers
Exclusive: Trustees trapped by base level analysis choosing fiduciary managers
Exclusive: Trustees trapped by base level analysis choosing fiduciary managers
CMI: Deaths continue below normal levels
CMI: Deaths continue below normal levels
Cosan Consulting launches independent pension scheme data recovery service
Cosan Consulting launches independent pension scheme data recovery service
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